Port Allegany, PA—16743
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Port Allegany, PA
As of Oct '25, the median home price in Port Allegany, PA is $116,000, with a year-over-year change of 2.5%. This indicates that home prices in Port Allegany, PA are increasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $116,000 | 2.5% |
| Single Family | $116,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Port Allegany, PA
Port Allegany, PA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Port Allegany, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Port Allegany, PA is 62. This is a decrease of -33.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $115,000 | -37.0% |
Listing Count | 9 | 10.0% |
| Listings as % of Homes | 0.4% | 10.0% |
Days on Market | 62 | -33.0% |
Demographics — Port Allegany, PA
As of the latest ACS Survey released in 2023, Port Allegany, PA has a population of 3,960, which has increased by 1.8% over the past 5 years. Port Allegany, PA is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,960 | 1.8% |
% Under 18 | 26.6% | 16.7% |
% Seniors | 18.2% | -4.2% |
% WFH | 6.8% | 9.7% |
% w/ College Degree | 22.9% | 27.9% |
As of the latest ACS Survey released in 2023, Port Allegany, PA is a predominantly white area, with 95.1% of the population identifying as white. The white population has shrunk by 2.5% in the last 5 years. The second most common race or ethnicity in Port Allegany, PA is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.7% of the population in Port Allegany, PA, and this percentage has increased by 16.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.1% | -2.5% |
% Black | 0.1% | 0.0% |
% Hispanic | 1.5% | 87.5% |
% Asian | 0.4% | -20.0% |
% Foreign Born | 0.7% | 16.7% |
Mortgage and Risk — Port Allegany, PA
According to HUD data as of 2023, there were 39 mortgage originations in Port Allegany, PA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Port Allegany, PA. Investor activity is low, as 0.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 39 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Port Allegany, PA
Port Allegany, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 113 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,170 |
| 4 Bedroom | N/A | N/A | $1,350 |
Affordability — Port Allegany, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $116,000 |
| Median Household Income | $53,800 |